Today's economic slowdown is often compared to the great Depression of the 1930s. How close are we to repeating that terrible period?
Judging by US industrial production data, today's recession is considerably more milder than the one that preceded the Wall Street crash of 1929. After 20 months of this crisis, US industrial production is down about 12 percent. Over the same time period during the great Depression, industrial production fell by a quarter.